MANHATTAN (CN) – Nexcen Brands and its directors inflated share price through false and misleading statements, shareholders claim in Federal Court. Nexcen acquired Bill Blass in 2007, the Athlete’s Foot in 2006, and Great American Cookies in January this year.
The plaintiff class covers the period from May 10, 2007 through May 19 this year. Defendants include Nexcen founder and Chairman David Oros, CEO Robert D’Loren and CFO David Meister.
Plaintiffs’ lead counsel is Samuel Rudman with Coughlin Stoia Geller of Melville, N.Y.